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Income Tax Calculator

Calculate your income tax for FY 2025-26 (AY 2026-27)

Income Details

Note: New tax regime does not allow most deductions and exemptions (80C, 80D, HRA, etc.)

Total Tax Payable

₹0

Income Tax:₹0
Health & Education Cess (4%):₹0
Total Tax:₹0

Tax Summary

Tax RegimeNew Regime
Gross Income₹12,00,000
Standard Deduction-₹75,000
Taxable Income₹0
Income Tax₹0
Cess (4%)₹0
Net Tax Payable₹0

Key Metrics

Effective Tax Rate0.00%
Monthly Tax₹0
In-Hand Annual Income₹12,00,000
In-Hand Income100.0%
Tax Amount0.0%

Tax Slabs for FY 2025-26 (AY 2026-27)

New Tax Regime

Up to ₹4,00,000Nil
₹4,00,001 - ₹8,00,0005%
₹8,00,001 - ₹12,00,00010%
₹12,00,001 - ₹16,00,00015%
₹16,00,001 - ₹20,00,00020%
₹20,00,001 - ₹24,00,00025%
Above ₹24,00,00030%

Standard Deduction:

₹75,000 automatically deducted from gross income (no proof required)

Rebate u/s 87A:

Full tax rebate if taxable income ≤ ₹12,00,000

Marginal Relief:

If income is between ₹12L - ₹12.7L, marginal relief ensures you don't pay more than the excess over ₹12L

Surcharge:

  • • ₹50L - ₹1Cr: 10% surcharge
  • • ₹1Cr - ₹2Cr: 15% surcharge
  • • Above ₹2Cr: 25% surcharge

Old Tax Regime

Up to ₹2,50,000Nil
₹2,50,001 - ₹5,00,0005%
₹5,00,001 - ₹10,00,00020%
Above ₹10,00,00030%

Rebate u/s 87A:

Up to ₹12,500 if taxable income ≤ ₹5,00,000

Deductions Allowed:

  • • Standard Deduction: ₹50,000 (automatically applied)
  • • Section 80C: Up to ₹1,50,000 (PPF, ELSS, LIC, etc.)
  • • Section 80D: Medical insurance (up to ₹75,000)
  • • HRA: House Rent Allowance exemption
  • • LTA: Leave Travel Allowance

Surcharge:

  • • ₹50L - ₹1Cr: 10% surcharge
  • • ₹1Cr - ₹2Cr: 15% surcharge
  • • ₹2Cr - ₹5Cr: 25% surcharge
  • • Above ₹5Cr: 37% surcharge

Note: Health & Education Cess of 4% is applicable on income tax + surcharge for both regimes. Marginal relief on surcharge ensures you never pay more tax than the income that exceeds the surcharge threshold.